Whats The Plan/Trade/Thought
We have to adopt a Range market stance. When markets are going down with fear,
go short on weak companies when they are 75% at the top of the range.
The current story and situation of BYND fits this criteria in terms of weak operational roll out, business viability in a price conscious consumer environment. I don't think in such an...
4th gainer in February is BYND . Holding period is 43 days (1/12/23-2/24/23). Account up 1%.
This month till today, my account is up 4%, average holding period is 67 days.
My trading method is mostly short term and is independent of market swings.
Will keep updating on my trades.
SPY - pointing to a lower open coming up this morning ahead of significant inflation data. The release of the final core personal consumption expenditures price index on a MoM basis, which is the preferred inflation measurement of the Fed. SPY seemed to take this news negatively as we flushed down to the 396 support. SPY is in an expanding range, bouncing off key...
Beyond Meat will be huge in the coming years IMO as the transition from us humans eating meat as our primary source of protien will ultimatly be made harder and most likly very expensive (check W H O there plenty of documents on agenda 2030 to go with what im saying)
Alternatives/subtritutes to actual meat should see the growth as it becomes the norm, weve...
Beyond meat has formed a classic Wyckoff accumulation pattern since September, broken the upper resistance and retraced back to the old resistance ( now support )
There's a strong diagonal resistance since June 2021, which price has be retraced numerous times before.
Price target determination:
- Distance from resistance and support of accumulation = distance...
4 month consolidation, breakout and retest of the previous resistance.
resistance turned support (bullish) now wants to head higher to 22-38 targets/local resistance areas.
Boost and follow for more! thanks ❤
Looking at the H4 chart, my overall bias for BYND is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market.
Looking for a pullback buy entry at 16.65, where the 38.2% Fibonacci line and overlap support is. Stop loss will be at 11.04, where the recent swing low is. Take profit will be at 22.54, where the overlap resistance...
Looking at the H4 chart, my overall bias for BYND is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market.
Looking for a pullback buy entry at 16.65, where the 38.2% Fibonacci line and overlap support is. Stop loss will be at 11.04, where the recent swing low is. Take profit will be at 22.54, where the overlap resistance...
If looking at last year's POC of BYND, you can notice we have been oscillating above and below that $15 range since September 2022. BYND has been in this slightly sloping downward/sideways channel with the most recent low being the bottom of the value range, building a nice base for a move higher.
In recent days I've noticed some unusual options activity in a...
Short and sweet here.
BYND is showing signs of consolidation and reversal. Investors with high risk tolerance can take a long position at this location with a stop-loss around ~$14, as this would indicate failure to truly reverse. The first true confirmation of reversal would be a break out of its channel established in September, with a close above around...
No good picks for today. Still not breaking the bear market.
🟢WEED STOCKS TOP 10
Teradyne
Curaleaf Holdings
Green Thumb Industries
Trulieve Cannabis Corp
Canopy Growth Corp
Verano Holdings Corp
Cronos Group Inc
Tilray Brands Inc
Cresco Labs Inc
SNDL Inc
🔴CRYPTO COINS TOP 10
Bitcoin
Ethereum
Binance Coin
XRP
Dogecoin
...
Weed stocks have been underperforming the other sectors while the rest is slowly starting to light up. However this could be a great oppertunity to get into late entries when the rest is confirmed to have taken a bullish direction weed should follow.
Crypto has been outperforming the other sectors this week as you can see all heatmaps are turning red.
Asian...
